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four years, given what he was handed in this, when you heard bill clinton say that, bill clinton has not said that before. >> i could have done better. you could have done better. i think anybody who wasn't ideologically driven could have done better. >> what would you have done? >> sorry? >> the meaningful steps. >> what wouldn't you have done. >> we need jobs so therefore -- and we need exports so therefore the first thing you do is have the nlrb attack the number one exporter in the country on really preposterous grounds, then you in effect start yelling at business and threatening business and then you get on the tv and talk about las vegas and all of a sudden the hotel business dies. i mean, the answer is that we need leadership, not criticism. we need encouragement not discouragement and until that scenario changes i think the united states is quote/unquote, i hate to use this word, in a malaise. >> is that a function of new laws and legislation or a function of rhetoric? >> first of all it's both, okay, in other words, we hope that it's new laws. the reality is, it isn't new l
given bill clinton's speech and given the bump in the polls and the right track/wrong track stuff has improved. people have sort of come around to thinking that maybe it was a tough four years for anyone. can romney ever make the case that it is still a really bad economy that we're under? this is the worst recession. can he make it without looking nasty? >> i think he's got to make it. i think he's got to get people to look down the road and see the train wreck that's coming. >> not the one we've already had. >> 1.1 trillion in deficits racking up every year. we can run about 200 and keep the debt of gdp constant. which means we have a $900 billion tax increase coming. there's only about $1 trillion of income taxes. these are enormous tax increases that have to come. the president has fought every spending cut that's come along. he has a little bit, $50 billion from seniors and obama care to pay for some of obama care, but the rest of it will have to be covered by cost reduction, which he's fought every step of the way for taxes. >> i wonder, howard, can you -- is it possible to win
, and that makes it different this time because it's a lot of people still say -- you heard bill clinton, he put it in -- it's almost emblazoned now. >> four years ago, it deid feel different. >> now we are hearing that no one could have done better in job growth and that perception was supposedly different. we had people come in here that were thinking '80 was even worse. >> the new standard. we failed so this is good. >> the one thing that is helping the president is the rebound in home prices and the fact that i think -- because actually consumer sentiment is on the rise in the last couple of months. and i think a lot of that is that people are reading that home prices are getting better, they feel there's a turn in that market. and i think that's playing it, as well. the unemployment rate is still stubbornly high, but people don't feel all that bad and i think that's one of the reasons the stock market is doing well. >> the question is how many people are participating. >> front page article in the journal this morning is that despite the fact that we're sitting at a four year cycle high, we
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